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On Monday 26th June, CNBC reported that in an interview with Barclays UK Chief Executive Ashok Vaswani, Barclays had discussed with the FCA the possibility of bringing cryptocurrencies, like Bitcoin, ‘into play’ through the introduction of regulation.

Enos Senior's insight:

"In the interview, Vaswani makes it very clear that Barclays have been in dialogue with the UK regulators about the possibility of bringing cryptocurrencies into the mainstream but points out this is ‘not necessarily Bitcoin’. He also does not expand on what involvement Barclays currently has with Bitcoin but it is widely known of their involvement in payment provider and former bitcoin startup Circle Pay, who were given a UK business and money transfers account as well as a license from the FCA. They became the first UK-based Bitcoin company to do so."